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AB High Income Municipal Portfolio (ABTYX)

Mutual Fund · Currency in USD · Last updated May 27, 2023

The fund invests principally in high-yielding municipal securities that may be non-investment grade or investment grade. It normally invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the AMT for certain taxpayers. The fund may invest without limit in lower-rated securities.

Fund Info

ISINUS0186427441
IssuerAllianceBernstein
Inception DateJan 25, 2010
CategoryHigh Yield Muni
Minimum Investment$0
Asset ClassBond

Expense Ratio

The AB High Income Municipal Portfolio has a high expense ratio of 0.53%, indicating higher-than-average management fees.


0.53%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in AB High Income Municipal Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


100.00%150.00%200.00%250.00%300.00%December2023FebruaryMarchAprilMay
83.70%
280.81%
ABTYX (AB High Income Municipal Portfolio)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ABTYX

Return

AB High Income Municipal Portfolio had a return of 1.19% year-to-date (YTD) and -4.12% in the last 12 months. Over the past 10 years, AB High Income Municipal Portfolio had an annualized return of 3.03%, while the S&P 500 had an annualized return of 9.79%, indicating that AB High Income Municipal Portfolio did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-2.43%0.86%
Year-To-Date1.19%9.53%
6 months1.77%4.45%
1 year-4.12%1.14%
5 years (annualized)1.49%9.36%
10 years (annualized)3.03%9.79%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20234.55%-3.23%1.97%0.54%
2022-2.39%6.92%-0.50%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for AB High Income Municipal Portfolio (ABTYX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ABTYX
AB High Income Municipal Portfolio
-0.30
^GSPC
S&P 500
0.27

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current AB High Income Municipal Portfolio Sharpe ratio is -0.30. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.00-1.50-1.00-0.500.00December2023FebruaryMarchAprilMay
-0.30
0.27
ABTYX (AB High Income Municipal Portfolio)
Benchmark (^GSPC)

Dividend History

AB High Income Municipal Portfolio granted a 6.06% dividend yield in the last twelve months. The annual payout for that period amounted to $0.61 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.61$0.43$0.41$0.45$0.47$0.51$0.48$0.49$0.53$0.56$0.57$0.58

Dividend yield

6.06%4.36%3.50%4.08%4.49%5.45%5.18%5.78%6.32%7.04%8.46%7.92%

Monthly Dividends

The table displays the monthly dividend distributions for AB High Income Municipal Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.04$0.03$0.04$0.03
2022$0.03$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04
2021$0.04$0.03$0.04$0.04$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03
2020$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.03$0.04
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04
2018$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.07
2017$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04
2016$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04
2015$0.05$0.04$0.04$0.04$0.05$0.04$0.05$0.04$0.04$0.05$0.04$0.05
2014$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.05$0.04$0.05
2013$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05
2012$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-22.00%-20.00%-18.00%-16.00%-14.00%-12.00%-10.00%December2023FebruaryMarchAprilMay
-14.15%
-12.32%
ABTYX (AB High Income Municipal Portfolio)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the AB High Income Municipal Portfolio. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the AB High Income Municipal Portfolio is 21.13%, recorded on Oct 26, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.13%Jan 4, 2022205Oct 26, 2022
-17.8%Mar 2, 202015Mar 20, 2020187Dec 15, 2020202
-13.31%May 10, 201378Aug 29, 2013179May 16, 2014257
-11.55%Oct 26, 201058Jan 18, 2011138Aug 4, 2011196
-8.15%Sep 9, 201661Dec 5, 2016171Aug 10, 2017232

Volatility Chart

The current AB High Income Municipal Portfolio volatility is 1.29%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%December2023FebruaryMarchAprilMay
1.29%
3.82%
ABTYX (AB High Income Municipal Portfolio)
Benchmark (^GSPC)